Enerkem and GreenField, partners in VANERCO, announce up to $39.8 million in repayable contribution from the Canadian government

VARENNES, QC, Sept. 27, 2013 /PRNewswire/ - Natural Resources Minister
Joe Oliver today confirmed SDTC's financial contribution in VANERCO,
the joint venture partnership formed by Enerkem (www.enerkem.com and GreenField www.gfsa.com) to build and operate a cellulosic ethanol facility integrated with
GreenField's existing ethanol plant in Varennes, Quebec. Through
SDTC's NextGen Biofuels Fund™, $734,500 will support the initial
development of the facility as a repayable contribution, an amount that
could go up to $39.8 million.

"Our government is investing in advanced clean energy technologies that
create well-paying jobs and generate economic opportunities," said the
Honourable Joe Oliver, Canada's Minister of Natural Resources. "By
supporting innovative projects like VANERCO's, we are helping Canadian
companies develop an idea into a marketable reality."

"This project truly puts industrial waste to work, creating jobs in the
community while producing as much as 38 million litres of ethanol a
year. SDTC is proud to be a partner in this pioneering project," said
Vicky Sharpe, SDTC President and CEO. "Getting technologies such as
this to a commercial scale will be crucial in helping Canada play a key
role in the dynamic global cleantech marketplace, currently valued at
$1 trillion."

The VANERCO cellulosic ethanol plant will contribute to the ongoing
development of the next generation biofuels industry in Canada. In
turn, the growing sector of advanced biofuels stimulates the
manufacturing sector, creates jobs, generates value from waste
materials and reduces oil dependence, imports and greenhouse gas
emissionswhile positioning Canada at the forefront of the global clean technology
sector.

"Clean technologies which offer a true global alternative to fossil
fuels emerge when industry pioneers, governments, venture capitalists,
and academics work together to ensure a successful transition to the
commercial stage," said Vincent Chornet, Chairman of VANERCO. "SDTC
played a pivotal role by becoming the catalyst that helped all these
players join forces. We are glad to see them on board with us in this
commercial project."

The non recyclable waste to be used at the VANERCO facility will come
from institutional, commercial and industrial sectors, and from
construction and demolition debris. Construction of the facility,
which will use Enerkem's proprietary waste-to-biofuels technology, is
planned to begin in 2014.

The plant could access up to $39.8M as it passes through project
milestones and required governance approvals.

About VANERCO
VANERCO is a joint venture partnership formed by Enerkem (www.enerkem.com), a waste-to-biofuels and chemicals company, and GreenField Specialty
Alcohols Inc (www.gfsa.com), the Canadian leader in alcohol production, to build and operate
Québec's first full-scale cellulosic ethanol plant. The future plant
will be located at the site of GreenField's ethanol plant in Varennes,
Québec, and will use Enerkem's proprietary technology to convert waste
materials into ethanol and renewable chemicals. Its production capacity
will be about 38 million litres per year.

About Enerkem
Enerkem makes biofuels and renewable chemicals from waste. With its
proprietary technology, Enerkem converts non recyclable municipal solid
waste into methanol, ethanol and other widely used chemical
intermediates. Headquartered in Canada, Enerkem operates both a
demonstration plant and a pilot facility in Quebec. Enerkem is
currently building a full-scale waste-to-biofuels facility in Edmonton,
Alberta, and is developing similar facilities in North America and
globally. Enerkem's technology and facilities help diversify the energy
mix and make greener everyday products while offering a sustainable
alternative to landfilling. www.enerkem.com

About GreenField
GreenField is the leading specialty alcohols producer in Canada, with a
focus on pharmaceutical, medical, beverage and industrial alcohol, and
fuel ethanol, as well as associated agricultural co-products. The
Company has the leading market share of industrial alcohol and is also
the largest ethanol producer in Canada. Headquartered in Toronto,
Canada, the Company has four state-of-the-art manufacturing plants in
Canada as well as manufacturing facilities in the United States. The
Varennes ethanol plant, commissioned in 2007, produces approximately
175 million litres per year and has been recognized as one of the most
efficient ethanol plants in North America. GreenField is actively
involved in the development and commercialization of next generation
advanced biofuels technologies.